Which stocks are most correlated with GVIP?

Based on one year of daily returns, the stocks most correlated with Goldman Sachs Hedge Industry VIP ETF (GVIP) are PWB (0.93), RPG (0.93) and GQQQ (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with GVIP?

Over the past year, the stocks most inversely correlated with Goldman Sachs Hedge Industry VIP ETF (GVIP) are HIBS (-0.90), QID (-0.89) and SQQQ (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

Goldman Sachs Hedge Industry VIP ETF (GVIP) — Stock Correlations & Overview

Over the past year, GVIP has moved most closely with PWB, RPG, GQQQ. Explore the stocks most correlated and inversely correlated with GVIP below, along with its price, financials, and company profile.

Stocks correlated with GVIP

Correlation of daily returns. Higher positive values move with GVIP; negative values move opposite it. Informational only, not investment advice.

Most correlated with GVIP

Symbol	Company	Correlation
PWB	Invesco Large Cap Growth ETF	0.93
RPG	Invesco S&P 500 Pure Growth ETF	0.93
GQQQ	Astoria US Quality Growth Kings ETF	0.92
FWD	AB Disruptors ETF	0.92
DWUS	AdvisorShares Dorsey Wright FSM US Core ETF	0.91

Most inversely correlated with GVIP

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.90
QID	ProShares UltraShort QQQ	-0.89
SQQQ	ProShares UltraPro Short QQQ	-0.89
PSQ	ProShares Short QQQ	-0.89
REW	Proshares UltraShort Technology	-0.88

Frequently asked questions about GVIP correlations

Which stocks are most correlated with GVIP?: Based on one year of daily returns, the stocks most correlated with Goldman Sachs Hedge Industry VIP ETF (GVIP) are PWB (0.93), RPG (0.93) and GQQQ (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with GVIP?: Over the past year, the stocks most inversely correlated with Goldman Sachs Hedge Industry VIP ETF (GVIP) are HIBS (-0.90), QID (-0.89) and SQQQ (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these GVIP correlations calculated?: We compute the correlation of daily returns between GVIP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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